ADM 1301 Lecture Notes - Lecture 1: Corporate Social Responsibility, Deontological Ethics, Corporate Sustainability

• School: University of Ottawa
• Department: Administration
• Course: ADM 1301
• Professor: John Palmer

Document Summary

Integrity - the appropriateness of a corporation"s behavior and its adherence to moral guidelines acceptable to society. Ethics of business - the rules, standards, codes, or principles that provide guidance for morally appropriate behavior in managerial decision making relating to the operation of the business enterprise"s and business"s relationship with society. Stakeholder - an individual or group who can influence and/or is influenced by the achievement of an organization"s purpose. Corporate social responsibility (csr) - the way a corporation achieves a balance among its economic, social, and environmental responsibilities in its operations so as to address stakeholder"s expectations. Corporate sustainability (cs) - corporate activities demonstrating the inclusion of social and environmental as well as economic responsibilities in business operations as they impact all stakeholders to ensure the long-term survival of the corporation. Triple-e bottom line - the evaluation of corporation"s performance according to a summary of the economic, social or ethical and environmental value the corporation adds or destroys.